Research On Liquidity Risk Management Of Y Finance Company

In 2017,the Federal Reserve started the interest rate by 0.75%.To stabilize the RMB exchange rate,the People's Bank of China tightened monetary and credit policies.Enterprises with more liabilities will face greater financial risks,if they do not attach importance to it,they will face liquidity risk caused by capital fracture.As a product of the integration of industry and finance,financial companies have distinct Chinese characteristics.In the past 30 years,they have played an irreplaceable role in China's economic development,especially in the development of state-owned group enterprises.Financial companies are based on centralized management of capital.With the increase of capital concentration,liquidity risk will inevitably converge to financial companies.Because of its simple business,single source of funds and small scale,the direct using of the theoretical framework of bank liquidity risk management does not conform to the principle of cost-effectiveness.And with the expansion of the size of financial companies,the liquidity wind that may be encountered increases,so it is necessary to study and develop a liquidity management framework suitable for the characteristics of financial companies.Taking Y Finance Company as an example,this paper investigates the liquidity risk management of Y Finance Company,and summarizes the problems existing in the liquidity risk management of Y Finance Company by combining the cases of "run" and"shortage of scale".First,the asset structure is unreasonable,second,the liability management is insufficient,third,the capital plan management is not in place,and fourth,the liquidity Management tools are lagging behind the times,there is a lack of experience in liquidity risk management.In order to quantify the liquidity risk of Y Finance Company,this paper takes the liquidity ratio as the liquidity level index,selects the 2013-2017 monthly data,and constructs a quantitative analysis model to predict the liquidity risk faced by Y Finance Company under extreme circumstances through stress test.Finally,several suggestions are put forward:first,rationally allocate assets,second,enhance the ability of active debt,third,strengthen the management of capital plan.fourth,the introduction of liquidity management tools,and fifth,the introduction and training of risk management personnel.